• USD/JPY off early to 154.90 before surging to 156.24 EBS on Trump tweet

• Trump to be conciliatory on trade, tariffs? ,

• Feel-good effect brief and reversed on talk of tariffs from February 1

• Trump said thinking of 25% of tariffs on Mexico, Canada then

• Market still nervous and choppiness likely to continue

• USD/JPY back down on 155-handle but likely to remain better bid on dips
USD/JPY hourly:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)